ReeXploration Announces Effective Date of Five-for-One Share Consolidation

ReeXploration Inc. announced that the TSX Venture Exchange has accepted its application to consolidate common shares on a five-for-one basis. The consolidation becomes effective on November 6, 2026, with shares resuming trading on a post-consolidation basis at the market open.

The outstanding share count will decrease from approximately 135.2 million to approximately 27.0 million. No fractional shares will be issued; fractions will be rounded up to the nearest whole share with no cash payout. Outstanding stock options and warrants will have their exercise prices and share counts adjusted proportionately.

The company's name, TSXV trading symbol (REE), and shareholder ownership percentages remain unchanged. New CUSIP (75865L208) and ISIN (CA75865L2084) numbers will apply post-consolidation. The stated rationale is to enhance marketability, appeal to a broader investor base, and better position the company for future capital raises.

ReeXploration Inc. (REE) has completed a share consolidation, a structural corporate action that carries no impact on the company’s assets, liabilities, exploration progress, or operational cash flows. The transaction results in a mathematically identical market capitalization pre- and post-transaction, with the nominal share price mechanically increasing from approximately $0.03 to $0.15.

The move addresses TSXV marketability requirements and aims to improve liquidity by attracting institutional or retail interest that typically avoids sub-$0.10 penny stocks. No new capital is raised, and no dilution occurs beyond the mechanical rounding of fractional shares. The announcement follows shareholder approval on October 28 and represents the final administrative step before the effective date.

ReeXploration Inc. (REE) is a dual-commodity critical minerals explorer focused on the Eureka Project in central Namibia. The project hosts a confirmed rare earth element (REE) system and a newly identified uranium target.

The company holds an NI 43-101 Inferred Mineral Resource of 310,000 tonnes at 4.8% TREO, including 0.7% NdPr oxides. Metallurgy testing confirms a simple gravity and magnetic separation process yielding approximately 60% TREO concentrate.

The uranium target is located southwest of the Eureka Dome in the "Alaskite Alley" corridor, on trend with major deposits like Rossing and Husab. A maiden 11-hole, 1,729-meter drill program confirmed widespread radiometric anomalies in leucogranite and overburden.

ReeXploration’s strategy involves project generation and technical de-risking, targeting strategic partnerships or acquisition before capital-intensive development.